Transocean: Finally, A Strategic Win [Seeking Alpha]
Transocean Ltd (Switzerland) (RIG)
Last transocean ltd (switzerland) earnings: 4/29 04:24 pm
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US:NYSE Investor Relations:
investor.deepwater.com
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Source: Seeking Alpha
Summary Transocean ( RIG ) announced its intention last week to purchase Ocean Rig ( ORIG ) for $2.7 billion, primarily funded with equity. The stock is off about -18% in the last thirty days of trading, making this an ideal time to re-evaluate two key things. First, are shareholders getting a good deal with the company expanding its asset fleet at this point in the crude oil cycle? Additionally, what is the balance sheet strength like going forward, as well as the company's capacity to do future M&A? I believe this deal is attractive after observing the substantial discount it paid for ORIG's assets, especially since they complement an already high-quality ultra-deepwater fleet. Investors should take this opportunity to buy RIG on the current dip now that the equity dilution is priced in. Source: Offshore Post Breaking Down The Ocean Rig Deal It's been a week since the deal was announced and I think the acquisition of ORIG's assets truly play to Transo
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RIG
News
- Transocean (RIG) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Transocean: The Picture Is Looking Up, But It's Too Early To Get Excited [Seeking Alpha]Seeking Alpha
- Transocean Ltd. (RIG) Fell with Energy Prices [Yahoo! Finance]Yahoo! Finance
- Transocean (RIG) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Transocean (RIG) Up 29.3% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
RIG
Earnings
- 2/19/24 - Beat
RIG
Sec Filings
- 3/26/24 - Form ARS
- 3/26/24 - Form DEFA14A
- 3/26/24 - Form DEF
- RIG's page on the SEC website